Hoping to get the best price for our product? - of course!
Just high-lighting the growing demand that seems to be building for cheap energy.
Let the other coalers lock themselves into low paying contracts!
Maybe the timing will be just right for NMR to pick up the better prices (bulk thermal coal export) down the tract.
------------------
While ever other resources are being used up - one would hope there is more and more room in the market for NMR to have something of value for future years.
Some entity out there may want to stitch this coal up for use relatively soon - or for use some time down the track.
Still many risks no doubt. A lot of hopes pinned on growing countries such as China and India. If they falter - we are in for a bumpy ride - not just in this sector. Though given the mushrooming coal burning power-plants..... one would hope they are relatively sure of their future needs.
Direct export (of bulk coal) will be some time off as highlighted by NMR and others here on HC.
Hence the urgency to get other products from the coal ASAP to form an alternate income.
DYOR!
bsh
NMR Price at posting:
5.3¢ Sentiment: LT Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)